Thomas & Wynter
Early Stage
Where fashion meets short term carry
Overview
Raised: $66,055
Total Commitments ($USD)
Platform
Republic
Start Date
06/17/2022
Close Date
09/27/2022
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$3,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/02/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$648
# of Investors
146
Momentum
Funded
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Year Founded
2014
Industry
Apparel & Fashion
Tech Sector
FashionTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Thomas & Wynter, with a valuation of $3 million, is raising funds on Republic. It is a luxury brand that designs insulated lunch totes for people on the go. The insulated totes of Thomas & Wynter keep the food warm or cold while on the go and look great. The totes are made of vegan leather and have reinforced dual handles for solid grip with removable shoulder straps. Thomas & Wynter reported a 156% increase in total sales from 2020 to 2021 and has been featured in USA Today, Reader’s Digest, and Forbes. Sherika Wynter and Shallon Thomas founded Thomas & Wynter in June 2014. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used to diversify manufacturing, expand distributor and partner networks, expand product offerings, and expand its European footprint.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$92,943 |
$34,748 |
|
COGS |
$4,157 |
$8,241 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-42,318 |
$-5,919 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$14,644 |
$68 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$20,649 |
$68 |
|
Short-Term Debt |
$37,612 |
$8,317 |
|
Long-Term Debt |
$33,604 |
$0 |
|
Total Liabilities |
$71,216 |
$8,317 |
Financials as of: 06/17/2022
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